The EU and Japan are committed to work closely to address the current challenges on energy markets worldwide, Commissioner for Energy Kadri Simson and Japan's Minister for Economy, Trade and Industry Koichi Hagiuda emphasised today.
At a very constructive bilateral meeting in Brussels, both sides also underlined the importance of the green energy transition and a common ambition to be climate-neutral by 2050. In this context, the EU and Japan plan to agree this year a Memorandum of Cooperation on Hydrogen. Discussions towards finalising the agreement will continue in the coming months.
Speaking after today's (March 25) meeting, Commissioner for Energy Kadri Simson said:
We had useful discussions today on the impact that Russia's invasion of Ukraine is having on the global energy markets. The EU counts on Japan as an ally in our efforts to stabilise the gas and oil markets and help Europe end its dependency on Russian fossil fuels. In this context, we are particularly grateful for their cooperation on LNG. Looking to the future, we hope to soon agree a Memorandum of Cooperation on Hydrogen and expand our collaboration on issues like off-shore wind, power grids and methane emissions.
The EU and Japan have a well-developed energy dialogue in which they discuss topics like gas and energy security, liquefied natural gas (LNG), electricity market design, energy technologies and nuclear energy.
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